Tuesday, 06 June 2023 11:50 GMT

Tehran Stock Exchange Records Significant Gain as Market Optimism Prevails


(MENAFN) On Sunday, the Tehran Stock Exchange (TSE) witnessed a noteworthy surge as the main index, TEDPIX, climbed by 4,784 points to reach 2.302 million. The positive momentum translated into substantial trading activity, with over 11.99 billion securities valued at 98.644 trillion rials (approximately USD197.2 million) changing hands.

The TSE stands as the most significant among Iran's four stock exchanges, with the others being the Iran Mercantile Exchange (IME), Iran Energy Exchange (IRENEX), and Iran's over-the-counter market known as Iran Fara Bourse (IFB). As a key barometer of the country's economic landscape, the performance of the TSE often reflects broader market sentiments.

Mohammadreza Mirtajedini, a member of the Iranian Parliament's Planning and Budget Committee, expressed optimism about the future of the stock market. He emphasized the importance of leveraging modern financial instruments to unlock its potential for sustained growth. Mirtajedini recommended that shareholders explore indirect investment in the capital market through vehicles like investment funds before directly entering the market. By doing so, investors can take advantage of long-term perspectives and contribute to the country's economic prosperity.

Recognizing the need for education in navigating the market, Mirtajedini stressed the significance of providing individuals with the necessary knowledge and tools to engage effectively in the stock market. He highlighted the potential benefits of investment funds in enabling shareholders to inject their capital into the market strategically, thereby supporting the country's production capabilities.

Moreover, Mirtajedini commended the Securities and Exchange Organization (SEO) for its efforts to safeguard shareholders and their investments. Notably, the implementation of a stock insurance plan was highlighted as one of the measures undertaken to protect investors' capital and enhance market stability. Such initiatives contribute to building trust and confidence among shareholders, thereby fostering a conducive environment for sustainable market growth.

Overall, the positive trajectory of the Tehran Stock Exchange, coupled with the introduction of modern financial instruments and investor protection measures, suggests a promising outlook for the Iranian stock market. Continued efforts to educate investors and promote responsible investment practices are key to unlocking the market's potential and facilitating the country's economic development.

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